Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... -- Ignore unavailable to you. Want to Upgrade?

To: stock talk who wrote (10693)	8/16/1999 10:32:00 AM
From: TATRADER	Read Replies (1) \| Respond to of 59879

frank, got this book in the mail from a guy in Boston..Very practical information... I need to always stick with a size of order that I am comfortable with..When I go for large size, I get burned.. "Our sense of self is enhanced by size, be it in trading large numbers, living in a big home, driving a big car, or owning a big boat. Our egos swell in proportion to the bigness of our risk assumptions. Egos want to be bloated, and one way is to trade bigger than we are capable of doing sucessfully. Egos often will deny the reality of their inability to function at a higher risk level. They will tell us that they have it under control this time and that they are strong enough to do well at a greater trading size. THe pain of being wrong seems to increase exponentially in relation to the size of the position. If we normally trade one lots and now we are trading twos, the degree of difficulty in acting quickly when we are wrong is not twice but perhaps five times as great. The pain to our ego is in proportion to the size of trades". RULES WE ALL KNOW BUT DO NOT ALWAYS FOLLOW 1.Never add to a loser 2.Add to a winner only 3.Let profits run 4.Cut losses fast 5.Don't pick tops 6.Don't pick bottoms Thanks, Frank